Browsing: Nigeria

According to the minister Yusuf Tuggar, Nigeria also reaffirmed commitment to strengthening diplomatic and economic relations with Russia

Nigeria is viewing the possibility of joining BRICS, Foreign Minister Yusuf Tuggar said. “The Minister of Foreign Affairs, Ambassador Yusuf…

Africa’s biggest producer is trying to halt a flight of investment capital from its onshore fields by oil majors fleeing assets prone to spills caused by attacks including sabotage and vandalism

Nigeria needs to ensure that Shell safely dismantles its old infrastructure or pays to remove them from the Niger delta before its exit, says a report on the environmental impact of the activities of multinational companies.

It will stop supporting withdrawals after Friday and any remaining balances in Nigerian Naira will be automatically converted into Tether

The moves are part of broader reforms to Nigeria’s forex market which has been grappling with chronic foreign exchange shortages

The first shipment of 2 million barrels of U.S. crude on the very large crude carrier Gem No. 1, also chartered by Vitol, was nearing Nigeria and is expected to discharge next week

Investors said the rate hike was a long-awaited step to address an economic crisis that has deepened in Africa’s most populous nation since President Bola Tinubu took office in May last year

The authorities believe such platforms have engaged in currency speculation that has led to a devaluation of the country’s national currency

Nigeria, the nation with the highest rate of cryptocurrency adoption after India, allowed lenders to deal with companies providing digital tokens, reversing a ban the central bank introduced in 2021, the BusinessDay reported.